PORTUGAL. Banco de Portugal. 100 Mil Reis, 1909. P-111. Very Fine.
A detailed design of Pedro Alvares Cabral returning to Lisbon stands out on the obverse of the note, with the reverse of the note displaying intricate lathe work. "Republica" overprint in black on the top on the reverse. This example is found in Very Fine condition. Internal tears, holes, margin wear/tears and staining are noticed.
Estimate: $1250 - $1750